Several other brokerages also recently issued reports on KBR. Zacks Investment Research raised shares of KBR from a sell rating to a hold rating in a report on Monday, July 17th. Vertical Research raised shares of KBR from a hold rating to a buy rating in a report on Monday, May 1st. Finally, BidaskClub downgraded shares of KBR from a hold rating to a sell rating in a report on Friday, July 28th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average target price of $18.22.
Shares of KBR (NYSE:KBR) traded down 2.23% during trading on Thursday, reaching $14.94. 1,984,950 shares of the company’s stock were exchanged. The stock’s market capitalization is $2.09 billion. KBR has a 52 week low of $13.16 and a 52 week high of $17.95. The company’s 50-day moving average is $15.55 and its 200 day moving average is $15.19.
KBR (NYSE:KBR) last released its quarterly earnings data on Wednesday, August 2nd. The construction company reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.05. The firm had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.10 billion. KBR had a negative net margin of 0.81% and a positive return on equity of 8.74%. The firm’s revenue was up 8.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.35 earnings per share. On average, analysts forecast that KBR will post $1.43 earnings per share for the current year.
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The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 13th. Investors of record on Friday, September 15th will be issued a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 2.14%. The ex-dividend date is Thursday, September 14th. KBR’s payout ratio is currently -128.00%.
A number of large investors have recently bought and sold shares of the company. Quantbot Technologies LP bought a new stake in KBR during the first quarter valued at $109,000. OLD Mutual Customised Solutions Proprietary Ltd. increased its stake in KBR by 322.2% in the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 7,600 shares of the construction company’s stock valued at $114,000 after buying an additional 5,800 shares during the last quarter. Shelton Capital Management bought a new stake in KBR during the second quarter valued at $160,000. GSA Capital Partners LLP bought a new stake in KBR during the second quarter valued at $162,000. Finally, Paragon Capital Management Ltd bought a new stake in KBR during the second quarter valued at $172,000. 99.74% of the stock is owned by institutional investors and hedge funds.
KBR, Inc is a provider of professional services and technologies across the asset and program life-cycle within the government services and hydrocarbons industries. The Company operates through business segments, including Technology & Consulting (T&C), Engineering & Construction (E&C), Government Services (GS), Non-strategic Business and Other.
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